Ref. FN. 023/2018 Management Discussion and Analysis For operation of the first quarter of year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

decreased by Baht 47 million or 12% decrease compared to the same period of 2018. This was mainly due to a decrease in revenue from Q House Convent Building since its lease agreement was ended in May 2019. 4

At the meeting on 10 March 2020, the cabinet approved a raft of measures, including allowing investors to receive an additional tax privilege for purchasing investment units in the Super Savings

”) reported 2019 total revenue of THB 12,275m, increased by 63% YoY. Major drivers of such growth were 104% increase in revenue from sales of house and condominium together with 27% increase in revenue from

million generated from sales of house and land. In Q2/2017 the revenue from sales of land and houses in 2017 was Baht 139.14 million. Sales revenue of year Q2/2018 decrease Baht 29.24 million, compared to

or 21.59 % compared to 1 st quarter of 2017. The sales revenue Baht 56.46 million have been generated from sales of house and land. 1.2 Other revenue In 1 st quarter of 2018, the other revenue

in investment Securities 5. Investments in subsidiary and affiliated 6. Receivables from Clearing House 7. Securities business receivables and Derivatives business receivables 8. Others derivatives

repurchase agreement 4. Investments in investment Securities 5. Investments in subsidiary and affiliated 6. Receivables from Clearing House 7. Securities business receivables and Derivatives business

reverse repurchase agreement 4. Investments in investment Securities 5. Investments in subsidiary and affiliated 6. Receivables from Clearing House 7. Securities business receivables and Derivatives

revenue: The Group had total revenue in the 2nd quarter of 2020 amounting to Baht 232.0 million, a reduction of Baht 129.3 million or 35.8% compared to the same period last year. The primary reason is the